Jonathan Shapiro

Defying markets gloom, top investment chiefs pitched their best global ideas, from an “OG in AI” to a retirement giant.

Australia’s sector is booming, but Australian Securities and Investments Commission chairman Joe Longo is worried that some funds may be breaking the law.

The regulator doesn’t like much of what it sees, and is calling out conflicts and other questionable practices. But investors are already tempering demand.

The Australian sharemarket’s largest investor says the lack of long-term thinking among boards is the worst he’s seen in his three decades.

Confidential correspondence from the country’s biggest venture capital firm shows parcels in three funds sold at more than a third below their book value.

ASIC chairman Joe Longo is in Washington DC and New York this week, discussing private credit and a dearth of IPOs with regulators and Wall Street bankers.

Top private credit funds say the regulator’s review into private credit was a much-needed wake-up call for the fast-growing sector.

Global macro expert James Aitken is worried about private credit in Australia and warned that superannuation funds need to prepare for future currency risks.

Lendlease’s bankers have reintroduced a deal feature not seen in almost two decades: fixed income investors are circumspect but intrigued.

The group, which will repay $321 million to about 3000 clients in the Shield fund, is aggressively scaling back its menu options after the fallout.